Best Crypto Exchanges In New Zealand (New Zealand Bitcoin Exchanges Compared) - February 2024

Best Crypto Exchanges For New Zealand
Table of contents

Introduction – 7 of the best Crypto wallets in NZ February 2024

The crypto industry is rapidly growing and becoming an increasingly popular investment avenue for many worldwide. New Zealand is no exception to this trend, with more and more Kiwis joining the digital currency bandwagon and wanting to learn more about the massive world of Cryptocurrency.

Quick takeaway:

  1. Independent Reserve (Simple for beginners)
  2. Binance (Great all round platform and options for altcoins)
  3. Nexo (Best for returns)
  4. Bybit (Best platform for NZ future trading)
  5. Crypto.com – Best exchange for NFTs
  6. Swyftx – User-friendly Crypto app
  7. MEXC Global – Deepest Liquidity

Looking to get into the cryptocurrency game in New Zealand but need help figuring out where to start? Fear not; we’ve got you covered. With so many crypto exchanges available, deciding which is right for you can take time and effort. That’s why we’ve compiled a list of the best crypto exchanges in NZ

In this article, we’ll explore the best crypto wallet NZ, providing you with all the information (with pros & cons) you need to make an informed decision. From the fees and security features to the user experience and trading options, we will cover everything you need to know about the top crypto exchanges in NZ.

So whether you’re looking to invest in Bitcoin, Ethereum, or any other digital asset, read on to discover the best crypto exchange platforms that New Zealand has to offer. Across New Zealand, Cryptocurrency assets such as Bitcoin are mostly traded via exchanges that adhere to the criteria imposed by the New Zealand Financial Markets Authority (FMA) or other applicable regulatory agencies. These frameworks help to  support transactions in New Zealand dollars (NZD) via local banking transfers, numerous credit card alternatives, and other digital payment methods.

7 Best Crypto Wallets NZ

1) Independent Reserve – Simple for beginners

IndependantReserve

Independent Reserve is an Australian-founded cryptocurrency exchange offering simple-to-use features for new and experienced traders. With a simple sign-up process and a beginner-friendly user interface, Independent Reserve makes it easy for anyone to start trading cryptocurrencies. The platform even offers one-click crypto purchases, allowing users to quickly and easily buy their favorite digital assets.

One of the key benefits of the Independent Reserve is its ability to purchase dozens of different cryptocurrencies in New Zealand dollars using SWIFT or PayID. Users can invest in digital assets without complex currency conversions or trading pairs. Additionally, users with Australian bank accounts can take advantage of other NPP options to make deposits and withdrawals.

In terms of security, Independent Reserve has an impressive track record. The platform has achieved ISO 27001 certification, the highest international standard for information security management. To this end, the platform employs several robust security measures.

For example, over 97% of user funds are held in cold storage offline, providing an additional layer of protection against potential threats.

With a focus on simplicity and security, this platform is an excellent option for both beginners and experienced traders alike.

Pros

• Independent Reserve offers a convenient mobile app and web browser interface
• Its competitive trading fees make it an affordable choice for investors
• It supports over 20 different coins
• The built-in crypto wallet allows for easy storage and management of digital assets
• 24/7 customer support to assist with any issues or questions

Cons

• A limited number of coins
• The platform does not currently offer staking features
• It comes with an NZD$20 withdrawal fee
• Users depositing less than NZD$5,000 will be charged a processing fee of NZD$15

learn_more

Website screenshot:

IndependantReserveScreenshot

2) Binance – Best exchange for value in NZ

Binance

Binance is one of the largest and most popular crypto exchanges globally, offering users low-fee trades and deep liquidity. This exchange has earned its reputation by providing a reliable and secure platform allowing traders to buy, sell, and store cryptocurrencies easily.

Binance’s trading fees are based on a tiered structure, with the fee reducing as the trading volume increases. This incentivizes traders to trade more and enjoy lower fees in the process.

Binance is best known for its spot market, where users can trade cryptocurrencies against each other or against fiat currencies. Spot market fees start at just 0.1%, making it one of the most affordable exchanges available.

The exchange also offers many trading pairs, including many popular cryptocurrencies like Bitcoin, Ethereum, Litecoin, and Binance Coin (BUSD).

Binance has proven to be a reliable and efficient platform for trading cryptocurrencies, making it a top choice for many New Zealanders looking to enter the crypto market with a simple learning curve and easy-to-use interface.

Pros

• Low fees and deep liquidity
• Large selection of cryptocurrencies – around 350+
• Allows Mobile app and web browser
• 25% discount on trading fees when paying with BNB
• Trading Bitcoin and Ethereum pairs are free of charge

Cons

• Binance offers a range of advanced trading tools that may be overwhelming for beginners.
• To reach a higher VIP status on Binance, traders must maintain substantial monthly trading volume and BNB balance.

learn_more

Website screenshot:

BinanceScreenshot

3) Nexo – Best for earning returns

nexo-logo

Nexo is another popular cryptocurrency exchange that allows users to buy, sell, and trade cryptocurrencies. It was founded in 2018 and has since become a well-known platform in the industry.

One of the critical features of Nexo is its instant crypto-backed loans. Users can use their crypto assets as collateral to secure a loan in fiat currency, providing them access to cash without selling their crypto holdings. The loan approval process is quick, and funds are available within minutes.

Nexo’s platform is user-friendly and easy to navigate, making it an excellent option for beginners. The exchange also has a mobile app available for both iOS and Android devices, allowing users to manage their crypto exchange accounts on the go.

Nexo provides a cryptocurrency exchange platform that supports a variety of cryptocurrencies. Users can trade their assets with competitive fees and access to deep liquidity.

Secure your Crypto with peace of mind: Nexo’s partnerships with BitGo, Ledger Vault, Bakkt, and other industry-leading custodians aim to offer comprehensive insurance policies.

Pros

• Reliable and user-friendly cryptocurrency exchange
• The over-collateralized lending model reduces the risk for lenders
• Nexo offers insurance policies through partnerships with reputable custodians
• High yield on crypto and fiat deposits in the Nexo Wallet
• Instant withdrawals are available 24/7

Cons

• A limited selection of cryptocurrencies available for borrowing and earning
• To receive the highest APY, investors must maintain a certain percentage of their portfolio in NEXO

learn_more

Website screenshot:

NexoPlatformScreenshot

4) Bybit – Best Overall in NZ

ByBitLogo

Bybit is a cryptocurrency exchange that has become a popular choice for crypto traders in New Zealand. With over 10 million customers worldwide, the exchange has established itself as one of the leading derivatives trading platforms in the industry.

Bybit offers a range of trading options for cryptocurrencies such as Bitcoin, Ethereum, and Ripple, with a daily trading volume frequently exceeding $10 billion.

One of the critical features of Bybit is its deep liquidity. The exchange has established partnerships with some of the largest liquidity providers in the industry, ensuring that traders can execute trades quickly and efficiently. This, combined with the platform’s rapid trade speed of 100,000 trades per second, attracts many traders looking for a fast and reliable trading experience.

Bybit has an extensive range of over 280 coins available to trade, including many of the most popular cryptocurrencies on the market. This broad selection of assets allows traders to diversify their portfolios and take advantage of a range of trading opportunities.

The exchange is also known for its low trading fees, making it an attractive option for traders looking to keep their costs down. Bybit charges a flat fee of just 0.1% on all trades, which is one of the lowest in NZ.

Bybit also strongly emphasizes security, with 99.99% system functionality and robust security measures in place to protect user accounts and funds. The exchange uses a multi-signature cold storage system to store users’ funds offline and employs two-factor authentication (2FA) and other security measures to prevent unauthorized access.

Finally, Bybit offers 24/7 live chat support to its users, ensuring that traders can get help with any issues they encounter while using the crypto trading platform.

Pros

• Deep liquidity – Bybit has established partnerships with some of the largest liquidity providers in the industry
• Over 280 coins available to trade
• Bybit charges a flat fee of just 0.1% on all derivatives trades in NZ
• Robust security measures

Cons

• Complex user interface
• Not available in all countries

learn_more

Website screenshot:

ByBitExchangeScreenshots

5) Crypto.com – Best exchange for NFTs

CryptoDotComLogo

Crypto.com is a platform that provides a user-friendly interface for buying and selling NFTs (non-fungible tokens). It is known for being one of the best exchanges for NFTs due to its simple and intuitive platform.

Users can access the NFT marketplace through the Crypto.com mobile app or web browser. This makes buying and selling NFT assets convenient and accessible from anywhere. The platform supports both fixed sale prices and auction bids for NFTs, allowing users to choose the best option that suits their needs.

One of the benefits of using Crypto.com for NFT purchases is the ability to subscribe to email notifications for specific NFTs. This feature lets users know when their favorite NFTs become available for sale or when other users outbid their bids. This helps ensure that users get all their desired NFTs.

The platform also offers a secure and reliable way to buy and sell NFTs along with a host of other Crypto coins such as Ethereum, Bitcoin, LiteCoin and many others. It uses a decentralized system that ensures that transactions are transparent and irreversible. This means that buyers and sellers can be assured that their transactions are secure and that they will receive their NFTs or payment respectively.

Crypto.com has established a reputation as a platform with minimal scams and fake NFTs thanks to its rigorous verification process. NFT enthusiasts can browse through a range of digital collections from top-tier brands, including Aston Martin and Paris Saint-Germain, and rest assured that the NFTs they purchase are genuine and valuable.

Pros

• Verified artists and collections
• Crypto.com native blockchain
• Purchase options
• DeFi wallet connectivity
• Mobile and web compatibility

Cons

• Limited blockchain support
• Limited range of NFTs
• Complex Payout process

learn_more

Website screenshot:

CryptoDotComScreenshot

6) Swyftx – User-friendly crypto app

SwyftxLogo

Swyftx is a popular and user-friendly crypto trading app widely recognized as one of the best crypto app in New Zealand. One key feature that sets Swyftx apart from other exchanges is its simple interface and mobile-friendly functionality, making it an ideal choice for beginners or those who prefer to trade on the go.

Swyftx offers a comprehensive user experience, providing access to over 280 cryptocurrencies and pairs, including popular options like Bitcoin, Ethereum, and Dogecoin. Additionally, Swyftx enables users to quickly view their assets and earning history, providing real-time updates on the value of their portfolio.

The Swyftx app can be easily downloaded via the App Store or Google Play, allowing users to trade on their mobile devices anytime.

Swyftx has a dedicated customer support team available 24/7 to assist users with any issues. The team is responsive and helpful; users can contact them via email or live chat. Whilst based in the state of Queensland in Australia Swyftx is quite popular in New Zealand as well as some other countries.

Pros

• Simple and user-friendly platform
• Wide range of cryptocurrencies – about 280 cryptos
• Swyftx’s paper trading feature allows you to experiment with various trading setups and strategies without risking any actual funds.

Cons

• Mobile charting features are limited in comparison to other crypto exchange trading apps.
• Swyftx offers only basic market buy and sell order types.

learn_more

Website screenshot:

swyftx_screenshot

7) MEXC Global – Deepest Liquidity

mexc-global-logo

MEXC Global is a cryptocurrency exchange that offers various features and trading options for advanced crypto traders in New Zealand. With over 1,520 cryptocurrencies available, it provides one of the most extensive lists of tradable assets on the market. Additionally, it boasts any crypto exchange’s deepest liquidity, ensuring that trades can be executed quickly and efficiently.

One of the most significant advantages of MEXC Global is the range of trading options available to users. The exchange offers spot trading, margin trading (up to 125x leverage), futures trading, bot trading, and copy trading. This variety ensures that traders can find a strategy that suits their trading style and risk tolerance.

Another significant benefit of using MEXC Global is the low trading fees. Spot trading fees are only 0.0/0.1%, and futures trading fees are 0.0/0.03% (maker/taker). Additionally, traders can access a 10% discount on all trading fees, which can be an attractive proposition for high-frequency traders.

Additionally, traders can access a 10% discount on all their trading fees and receive $30 USDT for free. With more than 2,110 trading pairs and a huge range of coins, MEXC Global provides traders with ample opportunities to explore the crypto market.

Pros

• MEXC Global offers over 1,520 cryptocurrencies
• Deepest liquidity of any crypto exchange
• Variety of trading options
• Trading fees are relatively low

Cons

• Limited regulatory oversight
• Complex user interface

learn_more

Website screenshot:

MEXCAppScreenshot

How does Cryptocurrency work?

How does Cryptocurrency work?

Cryptocurrencies, such as Bitcoin and Ethereum, are gained through transactions validated by a network of computers through mining. These cryptocurrencies are kept in digital wallets which have “addresses” assigned to them that are unique. To purchase or sell cryptocurrencies in New Zealand, one can simply make use of cryptocurrency exchanges and swap traditional currency (fiat), such as New Zealand dollars, for digital assets. Beginners can begin with minimal purchases, undertake extensive research, and understand the dangers connected with cryptocurrency values, as they can be volatile.

What is a Cryptocurrency Exchange?

What is a Cryptocurrency Exchange?

A cryptocurrency exchange is an online platform where individuals can buy, sell, and trade Crypto such as Bitcoin, Ethereum, and others. These exchanges act as a marketplace that connects buyers and sellers of cryptocurrencies and allow users to exchange one cryptocurrency for another or to exchange cryptocurrencies for fiat currency such as US dollars or euros.

Cryptocurrency exchanges operate similarly to traditional stock exchanges, with buyers and sellers submitting orders to buy or sell cryptocurrencies at a specific price.

These orders are matched by the exchange’s trading engine, which executes the trades automatically. Cryptocurrency exchanges typically charge fees for trading, depositing, and withdrawing cryptocurrencies from the platform.

Risks of using a Crypto exchange

Using a cryptocurrency exchange carries several risks that users should be aware of, including:

Security risks

One of the biggest risks associated with using a cryptocurrency exchange is the risk of a security breach. Exchanges can be vulnerable to hacking attempts and other security breaches that can result in the theft of user funds and much like traditional online banking having proper security measures in place is very important such as enabling 2-factor authentication and choosing strong passwords for your accounts.

Market volatility risks

Cryptocurrencies are known for their high levels of volatility, which means that the value of a cryptocurrency can fluctuate wildly in a short period of time. This can result in significant losses for traders and as such if you choose to get involved in trading it’s important to be more careful and conduct research on the coins you choose to invest in.

Regulatory risks

The regulatory landscape for cryptocurrencies is still evolving in many countries, and there is a risk that new regulations or laws could affect the use and trading of cryptocurrencies on exchanges.

Liquidity risks

Some cryptocurrencies may have lower liquidity on exchanges, so buying or selling them at certain times or desired prices may be difficult.

How to make use of the Best Crypto Exchanges/Vendors

How to make use of the Best Crypto Exchanges/Vendors

Getting started is easy with these steps once you choose any of the options listed in this comparison.

Fill out our onboarding questionnaire

Choose your swap based on our suggestions: The security of your cash is at stake, thus selecting an exchange with the correct criteria is critical. When selecting an exchange, it is critical to evaluate elements such as insurance coverage, fund security, customer assistance, and the exchange’s reputation.

Create an account

Creating an account on the exchange of your choice is simple. Simply enter your email address and password, or use Facebook, Twitter, or Google to sign up. Account verification is required for all exchanges.

You may be requested to verify your identification by sending a scanned copy of your ID documents or passport, depending on the exchange you choose, and also add a secondary identification such as a phone number to set up 2-factor authentication to help shield your account further.

Finish the KYC process

Know Your Customer protocols are vital since they aid in the prevention of fraud in exchanges. Before allowing you to withdraw or deposit funds, exchanges must ensure that you are who you claim you are. This is also a requirement for exchanges in most countries and jurisdictions around the world.

Fund your account

Each exchange will have its own funding procedure. Some exchanges, for example, may only accept bank transfers from your bank account, but others may provide functionality allowing you to send money using other platforms such as Western Union, MoneyGram, PayPal, and others.

If the appropriate funding option is not available, most exchanges will accept cryptocurrency deposits. As a result, if you already have cryptocurrency in a different wallet, you may simply transfer it to the exchange and begin trading.

Purchase your desired cryptocurrency assets

After funding your account, you can proceed to buy the cryptocurrency of your choice. Most cryptocurrency exchanges provide a diverse selection of cryptocurrencies, including prominent ones like Bitcoin, Ethereum, and Litecoin, as well as lesser-known altcoins which there are countless available.

To make a purchase, go to the trading part of the exchange’s interface and choose the desired cryptocurrency pair e.g. New Zealand Dollars to Ripple. From here you can then enter the amount you want to buy and verify the transaction details before finalising the purchase. It’s crucial to remember that exchange rates and transaction costs can differ between platforms, so evaluate prices and fees before making a purchase.

Securely store your cryptocurrency

After obtaining cryptocurrencies, it is critical to keep them safe. Although many cryptocurrency exchanges include built-in software-based wallets where you can keep your digital assets, it is also a good idea to shift them to an offline storage system like a hardware wallet.

Hardware wallets, such as the Ledger or Trezor brands, provide additional protection by storing your private keys offline, away from potential online threats. Alternatively, you can use software wallets or mobile wallets to increase convenience while retaining a high level of security that store their data locally.

When utilising a cryptocurrency exchange, it is critical to keep an eye on market trends. Cryptocurrency prices can be quite unpredictable, so staying updated about the market can help you make smart buying or selling decisions. Many exchanges offer real-time charts and pricing data, allowing you to monitor the success of various cryptocurrencies.

You can also stay up to date on the newest developments in the crypto industry by following our blog and checking the “Crypto/Blockchain” category which contains additional resources and content.

Enhance your account security by following best practices

Once your account is all setup and ready to go it’s a good idea to check your security settings usually under “account settings” and enable all the security options made available such as phishing codes, and 2-factor authentication options like Google Authenticator or Microsoft Authenticator to protect your account.

In addition to this, it’s a good idea to use a strong password that uses a combination of numbers, symbols, and letters (both capital and lowercase).

Final Thoughts

Cryptocurrency exchanges have become popular in New Zealand for buying, selling, and trading cryptocurrencies. Bybit and Crypto.com are among the top exchanges with user-friendly interfaces, high security, and low trading fees.

As the cryptocurrency market continues to grow, exchanges in New Zealand are expected to play a vital role in its adoption and expansion. The regulatory framework for crypto exchanges in New Zealand is still developing, but with the increased popularity and legal measures, the world of Crypto has exciting potential for the future to provide an alternative means of financial services to individuals and businesses.

We hope this article has been helpful if your looking to buy, sell and trade crypto assets like Bitcoin in NZ, be sure to check out our blog and other crypto content including comparisons of other exchanges and tutorials.

Summary of the best NZ Exchanges & apps according to Reddit.com / Redditors

Best Crypto Exchanges & Apps For NZ Users According to Reddit

Simply purchase it on BINANCE, the world’s largest exchange by market capitalization! (Paraphrased)

Easy crypto has proven to be a reliable choice for me in New Zealand. To make use of their services, you’ll need a wallet because Easy crypto does not retain your cryptocurrency; instead, you purchase it and they transfer it to your wallet. While software wallets are available, I recommend investing in a hardware wallet if you’re dealing with a significant amount, as they offer enhanced security against hacking. Popular options include Trezor and Ledger, but it’s crucial to verify which models are compatible with the specific cryptocurrencies you intend to invest in. Although I’m not an expert and relatively new to this, I conducted some research and found this approach to be effective for me. Personally, I’ve utilized Easy Crypto and acquired a Trezor One, which you can purchase through Easy Crypto and have it shipped from New Zealand at a reasonable cost. Please note that while Trezor One supports mainstream cryptocurrencies, it may not support certain coins like Ripple/XRP. (Paraphrased)

You can use independent reserve https://www.independentreserve.com/ to make a reservation. It’s a simple site to navigate and learn your way around the exchange. (Paraphrased)

Exodus is a good beginner wallet for mobile or desktop, but if you have considerable value in your portfolio, buy a cold wallet https://www.exodus.io/. Uniswap is the best way to find more esoteric crypto, but do your homework because many of these are unsafe investments. If you buy here, you’ll need a Metamask online wallet, but you can still use EasyCrypto to send ETH to MM. To ensure your protection, do not store big sums of money in any online wallet. https://app.uniswap.org/ https://metamask.io/  (Paraphrased)

Binance if you have a credit card. Crypto enterprises situated in New Zealand are 5-10% more expensive than market rates. (Paraphrased)

Tranferwise plus Crypto.com is the cheapest option (Paraphrased)

I’ve had a positive experience with Crypto.com, which has proven to be an excellent choice for my needs. They offer a range of features, including their Visa card and staking options. To reduce transaction fees, you can opt for bank transfers and utilize the Wise app. It’s worth noting that Revolut is expected to launch in New Zealand soon, and they claim to offer fee-free services. (Paraphrased)

I used to use Kiwicoin, but Binance’s P2P is currently the greatest option. You simply transfer to a person’s NZ bank account, and Binance holds the cryptocurrencies in escrow until they are confirmed. Fees are extremely minimal as compared to using a credit card, for example. (Paraphrased)

I used to use Kiwicoin (which is still fantastic if all you want is Bitcoin), but I now believe that Binance’s P2P trade option is the best to utilize. You simply transfer to a person’s NZ bank account, and Binance holds the cryptocurrencies in escrow until they are confirmed. Fees are extremely minimal as compared to using a credit card, for example. I simply purchase stable coins and then exchange them for whatever I desire. In comparison, Easycrypto was somewhat pricey. (Paraphrased)

Factors taken into consideration when writing this article:

  • We created criteria for picking exchanges to assess, including as reputation, trading volume, user base, regulatory compliance, and the number of coins available, as well as their websites to confirm they had licenses and compliance to operate in New Zealand and other things like KYC protocols.
  • Check each platform to see what type of security features they offer such as anti-phishing codes, 2FA codes and overall reputation for handling cyber security per industry best practices.
  • User friendly platform interfaces to ensure the platforms are easy to understand for beginners.
  • Talking to contacts we know to get their opinions
  • We collected relevant data on each exchange, which included visiting each exchange’s website, reading user reviews, and looking for recent news or events relating to the exchange.
  • Checked each platform to see what types of coins and assets they supported.

Why trust AGR Technology content

Alessio Rigoli founded AGR Technology as a YouTube channel in high school in 2013, and it eventually developed into a tech-focused blog. Since its inception, the company has covered a wide range of issues, including Android, Cyber Security, Blockchain, and EdTech.

AGR Technology now provides a full range of commercial services, including website construction, hosting, software development, and digital marketing. We are proud of our ability to service clients of all sizes and industries. Our dedication to offering creative and high-quality technological solutions has aided several organizations in their growth and success, and our emphasis on content creation has remained consistent throughout the years. We conduct our own independent evaluations, and are not controlled by an exchange.

FAQs

New Zealand Crypto Exchange FAQs

What are the best cryptocurrency exchanges in New Zealand?

Some of the best cryptocurrency exchanges in New Zealand include Binance, ByBit, Independent Reserve, Crypto.com, and Swyftx. These exchanges are known for their user-friendly interfaces, strong security measures, and wide selection of supported cryptocurrencies.

What types of cryptocurrencies can I trade in New Zealand?

New Zealand cryptocurrency exchanges typically offer a wide selection of cryptocurrencies, including popular options like Bitcoin, Ethereum, Litecoin, and Ripple, as well as smaller altcoins and tokens. The specific cryptocurrencies available may vary depending on the exchange.

What fees can I expect to pay when using it in New Zealand?

Fees for using New Zealand cryptocurrency exchanges can vary depending on the exchange and the specific transaction. Common fees include trading fees, deposit and withdrawal fees, and network fees. It’s important to read the terms and conditions carefully to understand the fees associated with using a particular exchange.

How do I ensure the security of my funds when buying cryptocurrency in New Zealand?

To ensure the security of your funds when using a New Zealand cryptocurrency exchange, look for exchanges that offer robust security measures, such as two-factor authentication, cold storage for user funds, and regular security audits. It’s also important to keep your login credentials and private keys secure as well as be vigilant for scam emails or phishing emails that attempt to steal your account information.

Are there any restrictions on using cryptocurrency exchanges in New Zealand?

There are no restrictions on using cryptocurrency exchanges in New Zealand at the time of writing. It is essential to stay informed about any regulatory changes that may affect the use of cryptocurrencies in the country as the sector is continuously evolving.

Additionally, some exchanges may restrict who can use their services based on age or residency. Existing New Zealand law, such as anti-money laundering legislation, applies to companies that offer cryptocurrency as a financial service. Similarly, these assets are treated as income and taxed accordingly by the New Zealand taxation office (IRD).

How do I choose the proper cryptocurrency exchange in NZ?

There are several factors to consider when choosing a cryptocurrency exchange in NZ, including security measures, user interface, fees, supported cryptocurrencies, and trading volume. Research and compare different exchanges to find the one best suits your needs.

How do I get started with a cryptocurrency exchange in NZ?

To start with a cryptocurrency exchange, you’ll typically need to sign up for an account and verify your identity. Once your account is set up, you can deposit funds using a bank transfer, credit card, or other payment method and start trading cryptocurrencies.

Is it safe to use a cryptocurrency exchange?

While cryptocurrency exchanges have come a long way regarding security measures, they are not immune to hacking attempts and other security breaches. It’s essential to do your own research and choose a reputable exchange with solid security measures, such as two-factor authentication and cold storage for user funds.

Are there any restrictions on who can use a cryptocurrency exchange?

Some cryptocurrency exchanges may restrict who can use their services, depending on the country or region where they are located. Additionally, some exchanges may require users to meet certain eligibility criteria, such as minimum age or a minimum investment amount. Make sure to check the terms and conditions of the exchange before signing up.

Note: AGR Technology may receive a commission on sales generated by partner links on this page, but this has no bearing on opinions or evaluations and is at no cost to you. Please consult an authorized financial adviser if you are unsure whether investing is right for you or which investments are right for you. Before depending on this information, consider your personal circumstances and seek your own guidance. Before making any decision, you should also confirm the nature of any product or service (including its legal status and any regulatory requirements) and examine the websites of the appropriate Regulators.

Source(s) cited:

in, Log. “About us” Independent Reserve, www.independentreserve.com/au/about. Accessed 2 Apr. 2023.

Independent Reserve is ISO 27001 certified. Independent Reserve. https://www.independentreserve.com/blog/news/independent-reserve-is-iso-27001-certified. Published January 6, 2022. Accessed April 2, 2023.

“Fee Rate” www.binance.com/en/fee/trading. Accessed 2 Apr. 2023.

“Nexo Help Center.” Nexo. Accessed April 2, 2023. https://support.nexo.com/s/article/are-your-loans-secured.

“Nexo’s Security Infrastructure Grows with Ledger Vault Partnership” Nexo, 19 Feb. 2021, medium.com/nexo/nexos-security-infrastructure-grows-with-ledger-vault-partnership-3943f1c7f810. Accessed 2 Apr. 2023.

E. Lindblom, (2021). Is Cryptocurrency Legal In New Zealand? [Online]. LegalVision. Available at: https://legalvision.co.nz/e-commerce/cryptocurrency-legal/ (Accessed: 2 April 2023).

Learn, Bybit. “Bybit Fees: Everything You Need to Know Before Trading Crypto [Updated].” Bybit Learn. March 15, 2023. Accessed April 2, 2023. https://learn.bybit.com/bybit-guide/bybit-trading-fees/.

(2021). Taxing cryptoasset income [Online]. Available at: https://www.ird.govt.nz/cryptoassets/taxing (Accessed: 2 April 2023).

Reddit [Online]. Dive into anything. Available at: https://www.reddit.com/r/PersonalFinanceNZ/comments/lecb5c/buying_crypto_in_nz_101/ (Accessed: 5 November 2023).

Reddit, Dive into anything https://www.reddit.com/r/NZBitcoin/comments/pi45r5/where_to_buy_crypto_from_nz/.

“Reddit” Dive into anything, www.reddit.com/r/NZBitcoin/comments/madfwe/which_exchange_is_best_to_use_with_nzd/. Accessed 5 Nov. 2023.

“Reddit” Dive into anything, www.reddit.com/r/NZBitcoin/comments/nagvku/best_trading_platforms_in_new_zealand/. Accessed 5 Nov. 2023.

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